LMP Capital and Income Fund Inc. (NYSE:SCD) Short Interest Up 49.0% in March

LMP Capital and Income Fund Inc. (NYSE:SCD) was the recipient of a significant increase in short interest in March. As of March 15th, there was short interest totalling 14,300 shares, an increase of 49.0% from the February 28th total of 9,600 shares. Based on an average daily volume of 35,300 shares, the short-interest ratio is presently 0.4 days.

LMP Capital and Income Fund Trading Up 0.3 %

SCD traded up $0.05 on Monday, hitting $15.85. The company had a trading volume of 48,846 shares, compared to its average volume of 39,044. LMP Capital and Income Fund has a 12-month low of $14.22 and a 12-month high of $17.96. The business’s fifty day simple moving average is $16.71 and its 200 day simple moving average is $17.06.

LMP Capital and Income Fund Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be given a dividend of $0.12 per share. The ex-dividend date is Monday, March 24th. This is a positive change from LMP Capital and Income Fund’s previous dividend of $0.11. This represents a yield of 8.93%.

Institutional Trading of LMP Capital and Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of SCD. Raymond James Financial Inc. purchased a new position in shares of LMP Capital and Income Fund in the 4th quarter valued at approximately $33,272,000. Shaker Financial Services LLC acquired a new stake in LMP Capital and Income Fund in the 4th quarter valued at $647,000. Astoria Portfolio Advisors LLC. purchased a new stake in LMP Capital and Income Fund during the 4th quarter worth approximately $622,000. Steward Partners Investment Advisory LLC grew its holdings in shares of LMP Capital and Income Fund by 13.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 175,727 shares of the real estate investment trust’s stock worth $3,022,000 after buying an additional 20,400 shares in the last quarter. Finally, AlphaStar Capital Management LLC increased its holdings in shares of LMP Capital and Income Fund by 43.3% in the fourth quarter. AlphaStar Capital Management LLC now owns 49,561 shares of the real estate investment trust’s stock valued at $852,000 after purchasing an additional 14,975 shares during the last quarter.

About LMP Capital and Income Fund

LMP Capital and Income Fund Inc is a closed ended balanced mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Clearbridge Investments, LLC, Western Asset Management Company Limited, and Western Asset Management Company. The fund invests in public equity and fixed income markets across the globe.